X0303 4 2010-10-06 0001043325 CENTERLINE HOLDING CO CLNH.OB 0001486747 Island C-III Manager LLC C/O ISLAND CAPITAL GROUP LLC 717 FIFTH AVENUE NEW YORK NY 10022 0 0 1 0 Common Shares 2010-10-06 4 C 0 139663545 A 139663545 I See footnote Special Series A Shares 2010-10-06 4 C 0 139663545 D Common Shares 139663545 0 I See footnote The Special Series A Shares were converted into Common Shares at the rate of 15 for 1 automatically upon approval by the shareholders of the Issuer of an amendment to the Issuer's Restated Trust Agreement to increase the number of Common Shares authorized for issuance to 800,000,000, which approval was obtained on October 6, 2010. The Reporting Person disclaims beneficial ownership except to the extent of its pecuniary interest therein, if any. /s/ Andrew L. Farkas, Chief Executive Officer 2010-10-15